Fluence Energy, Inc. (NASDAQ:FLNC) Director Herman E. Bulls Purchases 10,000 Shares

Fluence Energy, Inc. (NASDAQ:FLNC) Director Herman E. Bulls bought 10,000 shares of the company’s stock in a transaction that occurred on Wednesday, March 5th. The stock was acquired at an average price of $5.41 per share, with a total value of $54,100.00. Following the completion of the purchase, the director now directly owns 115,861 shares of the company’s stock, valued at approximately $626,808.01. The trade was a 9.45 % increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.

Fluence Energy Stock Performance

Fluence Energy stock opened at $5.28 on Friday. The company has a current ratio of 1.57, a quick ratio of 1.14 and a debt-to-equity ratio of 0.74. The stock has a market cap of $958.58 million, a P/E ratio of -105.60 and a beta of 2.37. Fluence Energy, Inc. has a 52 week low of $4.78 and a 52 week high of $26.12. The stock has a 50 day moving average of $11.73 and a 200-day moving average of $16.98.

Fluence Energy (NASDAQ:FLNC) last announced its earnings results on Monday, February 10th. The company reported ($0.32) earnings per share for the quarter, missing the consensus estimate of ($0.17) by ($0.15). Fluence Energy had a negative net margin of 0.08% and a negative return on equity of 0.36%. On average, analysts expect that Fluence Energy, Inc. will post 0.08 EPS for the current fiscal year.

Analysts Set New Price Targets

FLNC has been the topic of a number of research analyst reports. Wolfe Research downgraded Fluence Energy from an “outperform” rating to a “peer perform” rating in a report on Wednesday, February 12th. Piper Sandler decreased their price target on Fluence Energy from $20.00 to $10.00 and set a “neutral” rating for the company in a research note on Wednesday, February 12th. Morgan Stanley lowered their price objective on Fluence Energy from $20.00 to $8.00 and set an “equal weight” rating on the stock in a research note on Wednesday, February 12th. Baird R W downgraded Fluence Energy from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, December 18th. Finally, Susquehanna cut their price objective on shares of Fluence Energy from $23.00 to $10.00 and set a “positive” rating for the company in a research report on Wednesday, February 12th. One equities research analyst has rated the stock with a sell rating, fifteen have given a hold rating and nine have given a buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $14.34.

Institutional Trading of Fluence Energy

Several institutional investors have recently bought and sold shares of the stock. Zimmer Partners LP grew its stake in Fluence Energy by 757.7% in the fourth quarter. Zimmer Partners LP now owns 2,144,301 shares of the company’s stock valued at $34,052,000 after acquiring an additional 1,894,301 shares during the period. Erste Asset Management GmbH acquired a new position in Fluence Energy during the 3rd quarter worth approximately $22,059,000. Point72 Asset Management L.P. bought a new stake in Fluence Energy during the 3rd quarter worth approximately $21,809,000. Webs Creek Capital Management LP bought a new stake in shares of Fluence Energy in the 4th quarter valued at $15,118,000. Finally, Covalis Capital LLP bought a new position in Fluence Energy during the fourth quarter worth $12,113,000. Institutional investors and hedge funds own 53.16% of the company’s stock.

Fluence Energy Company Profile

Fluence Energy, Inc, through its subsidiaries, offers energy storage products and solution, services, and artificial intelligence enabled software-as-a-service products for renewables and storage applications in the Americas, the Asia Pacific, Europe, the Middle East, and Africa. The company sells energy storage products with integrated hardware, software, and digital intelligence.